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Apex Clearing and Apex Crypto Partner to Deliver First Integrated Cryptocurrency Trading Platform for Brokers and Advisors

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Apex Clearing Corporation and Apex Crypto have announced the launch of a first-of-its-kind cryptocurrency platform that provides broker-dealers and financial advisors with access to a simple, fast and effective way to introduce digital currency trading into their clients’ portfolios.

Tech-enabled workflows from Apex Clearing and the Apex Crypto platform allow investors to transition between trading equities and trading cryptocurrency in just a few clicks, opening and funding new accounts in minutes compared to what has historically taken weeks when moving assets from a traditional investment account to a standalone cryptocurrency platform.

Additionally, the throughput and scalability of the Apex Clearing account opening process allows for tens of thousands of accounts to be opened in a day providing an advantage when crypto trading volumes are high.

Apex Crypto is introducing the technology in conjunction with SogoTrade, Inc., a U.S.-based online discount broker-dealer and Apex Clearing client. The crypto platform is now available to all Apex Clearing clients, making digital currencies more readily accessible to more than 5 million current account holders.

“The interest and demand for cryptocurrency continues to rise,” said Edward Haravon, Chief Operating Officer at Apex Crypto. “With Apex Crypto, investors have unprecedented access to this important asset class. It’s never been easier to buy or trade cryptocurrency.”

In April, the combined value of the cryptocurrency market grew to nearly $186 billion, its highest level since November 2018. Bitcoin, the most popular of the more than 16,000 cryptocurrencies, has a total market capitalization of $144 billion.

The Apex Crypto platform allows broker-dealers and financial advisors to meet legal and regulatory guidelines by holding crypto assets in separate accounts while still offering a fast, efficient, user friendly and holistic experience. At launch, Apex Crypto is offering access to four of the most-popular coins: Bitcoin, Bitcoin Cash, Ethereum and Litecoin. It is available to investors in 40 states and the District of Columbia, with additional states expected to join in the future.

“We want to change how people fundamentally think about their finances,” said Bill Capuzzi, CEO at Apex Clearing. “Our integration with Apex Crypto helps financial firms give their clients a streamlined way to invest in a wider variety of asset classes that feels like part of their core portfolio, while still being handled on a separate platform for regulatory purposes.”

Founded in 2012, Apex Clearing, the digital clearing and custody engine behind hundreds of financial firms, is using best-in-class practices to develop and refine the cryptocurrency platform. Both Apex Clearing and Apex Crypto are subsidiaries of PEAK6 Investments LLC, a firm that invests in and operates financial, technology and consumer companies, with a successful record of growing businesses and transforming industries.

“We’re excited to be one of the first online broker-dealer firms providing access to seamless cryptocurrency investment,” said Jonathan Yao, CEO of SogoTrade, Inc. “Our clients want innovative solutions, and Apex Crypto allows us to meet the growing demand for digital currencies while also maintaining the user experience our clients expect. As a satisfied client of Apex Clearing, we’re confident that Apex Crypto will provide the same level of innovation and ease of use.”

SogoTrade is initially rolling out the platform to its U.S.-based clients with an international expansion planned for the near future.

 

SOURCE Apex Clearing and Apex Crypto

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Supply Chain Management Association Becomes Supply Chain Canada

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At its AGM yesterday, the Supply Chain Management Association™ announced its name change to Supply Chain Canada™. The association also launched a new website as part of an overall rebranding initiative.

“The new name and look are part of a transformation that we have undertaken as the association enters its second century,” said Christian Buhagiar, President & CEO of Supply Chain Canada. “Today’s supply chains are dynamic and fast-paced. The association for Canada’s supply chain professionals must reflect that.”

Through the rebranding process, the association has also acquired a meaningful new logo and tagline, “Professionals advancing the future.”

The logo’s maple leaf design not only conveys our nationality; it also represents the connectedness of the supply chain, illustrating the networks and collaboration that are so essential to supply chain success, and the interconnectedness of the association’s federation, institutes and members. Its connected dots can be seen, as well, as the complex route of a global supply chain.

“Professionals advancing the future” succinctly communicates both the professional status of supply chain practitioners and their forward-looking perspective. It is intended to:

  1. Elevate the perception of supply chain practitioners as professionals, acknowledging the value they bring to their organizations and to the Canadian economy.
  2. Encompass the several ways that the association and its members “advance” – in their personal careers and knowledge, and for the profession, the country and the economy.
  3. Express the future focus of the association – with its emphasis on the development of skills and policies – and of the supply chain itself, now so focused on AI, blockchain, robotics, automation and so on.

The new website, now at www.supplychaincanada.com, is enhanced with a modern look and new functionality that enables location-based content for users across Canada.

These changes are not simply style enhancements. They are part of a larger plan to strengthen the association. Supply Chain Canada consolidates the organization’s brand across the country under a single name in every province and territory, removing any possible confusion from its federation structure. “The unity that this will ensure will help us improve recognition in the sector, and thereby provide stronger leadership to the Canadian supply chain community,” said Buhagiar.

The association’s transformation began in 2018 with a new vision and mission, as well as an ambitious three-year strategic plan. The new name and rebranding announced yesterday are part of a larger evolution that will continue over the next two years with the introduction of new and revised educational offerings, new initiatives to engage with industry, more value-added membership benefits and more.

 

SOURCE Supply Chain Canada

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Wirex Launches Enhanced Cryptoback™

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Today, payments platform Wirex launched a supercharged update of their revolutionary Cryptoback™ rewards programme. Customers can now earn up to 1.5% back in Bitcoin on Wirex Visa card purchases.

Released in 2018, Cryptoback™ was the world’s first rewards programme that paid out 0.5% in cryptocurrency for all in-store spending with the Wirex Visa card. Thanks to the recent launch of the Wirex Token (WXT), customers can now triple the amount of BTC they earn – making investing in cryptocurrency easier than ever before.

Depending on the amount of WXT held, in-store Wirex card purchases now generate up to 1.5% in Bitcoin. There are three levels of crypto rewards available:

  • 500,000 WXT = 1.5% Cryptoback™
  • 100,000 WXT = 1.0% Cryptoback™
  • 50,000 WXT = 0.75% Cryptoback™

Wirex have calculated that the average UK consumer stands to earn more than £300 in Cryptoback™ every year, just by using their Wirex Visa card for day-to-day spending. Unlike many other cashback programmes, Wirex doesn’t impose restrictions on what customers can do with their rewards. Cryptoback™ can be redeemed instantly into their Bitcoin accounts, or quickly and easily exchanged into fiat for spending.

Enhanced Cryptoback™ is just one of the ways that holding Wirex Tokens allows customers to get even more out of their account. They can also enjoy heavily discounted fees based on the same structure, with access to premium products, merchant offers and airport lounges coming soon. As Wirex co-founder Pavel Matveev explains:

“We created the Wirex Token to be something that provides tangible value and benefits for holders beyond its market trajectory. Enhanced Cryptoback™ is the perfect example of this, as it allows customers to earn and invest in digital currency with a minimum of fuss. We’re looking forward to introducing even more benefits for WXT holders soon.”

 

SOURCE Wirex

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Export Portal to Address Best Practices in Sustainable Trade Facilitation at the Asia-Pacific Trade Facilitation Forum

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Export Portal CEO Ally Spinu will be adding her take on the alignment of trade facilitation and sustainable development goals at a session at the 9th Asia-Pacific Trade Facilitation Forum (APTFF) in New Delhi.

“The Asia-Pacific region is a wealth of unexplored opportunities which lay deep in the communities of local businessmen and women that just need support in bringing their amazing products to the world to see and buy,” Ms. Spinu said. “I am looking forward to this event and being a part of the change that will help local businesses from this part of the world sell their products globally. I deeply believe that shifting attention to developing SMEs is the major change international trade and local economies have been waiting for.”

This year’s APTFF will focus on how digital and sustainable trade facilitation measures and practices can bring prosperity in the Asia-Pacific region. The forum will investigate opportunities from trade digitalization for sustainable progress of the area and challenges ahead in materializing such opportunities. APTFF will feature panel discussions as well as interactive and informative sessions. These sessions will allow participants to share experiences and perspectives on different aspects of trade facilitation, including trade finance, cross-border eCommerce and paperless trade, transit, innovative application of emerging technologies, and more. APTFF will bring relevant regional initiatives and implementation cases to each session, making it a unique opportunity to share knowledge and practical lessons. The forum will also include many side-events providing a more in-depth exploration of the pertinent trade facilitation issues.

“Agricultural products are the fastest category and industry growing within Export Portal, and I can say that is just natural that SMEs around the world are actively looking for new ways for selling their products around the world,” Ms. Spinu said. “The role of innovative technologies such as Export Portal is crucial in helping these SMEs integrate within the world supply chain of food with ease and at optimal costs. I want to explain the current issues existing within SMEs’ integration in international trade due to the high cost involved and how technology slowly but surely changes this.”

Export Portal’s trade goals align directly with the purpose of this session, as its international B2B trade platform is an affordable and all-encompassing solution for SMEs all over the world. The features that are available and being developed on Export Portal, such as the panel of experts (EP+), the educational hub (EPU), and data flow insights (EPI), provide SMEs with the resources they need to trade effectively on an international scale safely, securely, and efficiently.

The Digital and Sustainable Trade Facilitation for Regional Prosperity session is co-organized by ADB, ESCAP, Ministry of Commerce, India and Confederation of Indian Industry and will be held on Wednesday, September 18, from 9:00 to 10:45 AM.

 

SOURCE Export Portal

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